It was amazing to see people so many smart people selling SXP at 41c on 25th. July ... talk about perfect timing as SXP was trading at half that price on the 16th. August!
I suspect many smart investors and traders saw profits they knew were about to evaporate and so couldn't help themselves but sell ... some obviously with the view to looking for SXP to "punt on" when it was back to the low 20s...
That way they can aim to maximise their chances of making big profits in an excellent opportunity on the exchange for significant movement ... both on the way down and the way up!
SXP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
